4iG moves forward with Spacecom acquisition plan

Hungarian telecoms and ICT outfit 4iG has struck a new agreement on the conditions for its planned acquisition of a majority stake in Israeli satellite operator Spacecom which operates the Amos satellite constellation. Via Spacecom’s public and private share issue, the Hungarian company group can now acquire a 20% stake in the Israeli company. Over […]

4iG and Hungarian state to take over Vodafone Hungary

Vodafone has struck a ‘heads of terms’ agreement with Hungarian IT and telecoms company 4iG and state holding outfit Corivinus to sell its Hungarian unit in its entirety for an enterprise value of HUF715 billion (€1.8 billion). Vodafone said in a statement that the transaction would create a number two operator in Hungary and would […]

Hungary’s 4iG puts together national champion telecom player

Hungarian IT outfit and service provider 4iG has upped its stake in local transmission services company and digital-terrestrial TV service provider Antenna Hungária to 76.78%. The transaction is part of a move supported by the Hungarian government to create a national telecommunications group to compete with Deutsche Telekom-owned Magyar Telekom. 4iG’s acquisition of a majority […]

Spacecom sale on the rocks as Israeli minister flags ties to Viktor Orban

The Israeli communications ministry has delayed its sign off of the sale of satellite operator Spacecom to Hungarian IT and telco firm 4iG.  Announced in October, the deal would see 4iG and its two subsidiaries – Hungaroo DigiTel and CarpathiaSat – acquire a 51% majority stake in the Israeli satellite operator. 4iG agreed to invest […]

Digi completes sale of Hungarian unit

Romania-based international service provider Digi has completed the sale of its Hungarian subsidiary to local information technology and service provider outfit 4iG. The agreement, which saw 4iG acquire Digi Hungary for €625 million, will give the former a company with about 1.1 million subscribers and 2.5 million revenue-generating units. Digi has a 283.3% share of […]

4iG acquires majority stake in ALBtelecom

Hungarian IT outfit and service provider 4iG has acquired an 80.27% in Albanian telco ALBtelecom. The company is Albania’s leading fixed line internet and TV operator, the largest owner of a fibre network in the country and a mobile operator with its own network. 4iG said the acquisition was another important step in the its […]

4iG completes agreement to acquire Digi’s Hungarian operation

Romania-based pay TV operator Digi has signed a definitive agreement to sell its Hungarian operation to expanding IT and services outfit 4iG. The sale agreement follows a preliminary deal struck between the pair in March whereby Digi’s Romanian subsidiary RCS&RDS agreed to sell local Hungarian subsidiaries Digi Távközlési Szolgáltató, Invitel, I TV and Digi Infrastructure […]

4iG announces deal to acquire controlling stake in Spacecom 

Hungarian IT and telco firm 4iG has announced a deal to acquire satellite operator Spacecom. First mooted in June, the deal ses 4iG and its two subsidiaries – Hungaroo DigiTel and CarpathiaSat – acquire a 51% majority stake in the Israeli satellite operator The agreement sees 4iG invest US$68 million in the firm, and values […]

Hungary’s 4iG to take majority stake in Spacecom

Hungarian IT and telecom player 4iG and two subsidiaries, Hungaro DigiTel and joint venture CarpathiaSat, have entered into a preliminary agreement with Spacecom to acquire a 51% majority stake in the Israeli satellite operator. Spacecom, which is listed on the Tel Aviv stock exchange, operates four geosynchronous satellites, including Amos 3, which provices providing in […]

Hungary’s 4iG strikes deal with RCS & RDS to acquire Digi

Romanian and international pay TV and broadband service provider RCS & RDS has struck a preliminary agreement with Hungarian IT and telecom player 4iG for the sale of RCS & RDS’s Hungarian operation, Digi Távközlési Szolgáltató and its subsidiaries Invitel and I TV. Under the agreement, which is expected to complete by September pending regulatory […]